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2012�36�� Security Instrument. A written statement of any authorized agent of the Secretazy dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this aption may not be exercised by I.ender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage ;n�*g� premium to the Secretary. 10. Re9nstatement. Boaower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account cutrent including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with Yhe foreclosure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (u) reinstatement will preclude foreclosure on different grouads in the future, or (ui) reinstatement will adversely affecC the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearence By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not opeiate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to e�end time for payme� or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or.Boaower's successors in interest. .�ny forbearance by Lender in exercising any right or remedy shall not Ue a waiver of or preclude the exercise of a�+ right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and agre�ments of this Security Instrument shall bind and benefit the successors and assigns of I.ender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instivment but does �t execute the Note: (a) is co-signing this Security Instaument only to mortgage, giant and convey that Borrower's interest in the Ptopetty under the terms of this Security Tn. �me*±t; (b) is not personally obligated to pay the sums secured by this Sec,-urity Instrument; and (c) agrees that Lender and any other Borrower may agr� to extend, modify, forbear or make any accommodations with regard to the terms of this Security Inslrument or the Note without that Borrower's consent. 13. Notices. A� notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by £ust class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to I,ender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Goveming Law; Severabillty. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Properiy is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be givcn effect without the conflicting provision. To this end the provisions of this 5ecurity Iastsument and the Note are declared to be severable. FHA Mortgage WITH MERSNE Revised 4/98 Amet�ded 7/04 Wolter�e Kluwar Flnendal Servi�s VMP4N(N� 1061.00 e8of10 �I I��II��I II �II�I�III ullllllu I� g03306972140 0233 366 0630